Select Products Limited

Select Products Ltd, based in Brecon, UK, is a small, active company founded thirty years ago in 1994. Employing twenty-eight people, it holds £4,681,206 in assets and operates from a real address, managed by two directors and one owner. The company regularly imports machinery, boilers, and mechanical appliances—parts, with three months of import activity recorded. It also exports various textile products, sets, used clothing, and rags, though irregularly, with just one month of export activity.

The company's website, SPI Select Products Plumbing Distribution UK, reveals a focus on plumbing consumables and related products. It's a distributor to independent merchants across the UK, specializing in plastic and metal access panels, meter boxes, and plumbing accessories. The site also highlights partnerships with well-known brands like Rothenberger and Ridgid, and even offers a range of Holstery tool belts. It seems to be a B2B operation, supplying specialist merchants rather than selling directly to consumers.

Financially, Select Products Ltd presents a mixed picture. Current assets increased by 29% to £4,700,000, while net assets also rose by 31% to £5,100,000. Bank borrowings remained steady at £9,300, and cash reserves saw a significant jump of 54% to £3,800,000. However, trade creditors decreased by 56%, suggesting a potential squeeze on suppliers. The company meets two of the three criteria for being classified as a small company, which helps it stay agile. No auditor is mentioned, which is common for companies in its size category.

Overall, Select Products Ltd appears to be financially healthy, with strong asset growth and cash reserves. The decrease in trade creditors might indicate some negotiation with suppliers, or perhaps a shift in payment terms. The company’s focus on supplying specialist merchants, combined with its established brand partnerships, suggests a stable business model—although keeping an eye on supplier relationships is always important.

Registered in England/Wales under the registration number 02964471, with a registered address at LD3 7EF, Brecon, Powy, Kings Arms Vaults, Watton.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.